Most experts will say that there have been three generations of the web: Web 1.0, Web 2.0 and Web 3.1. The first iteration of the internet is also referred to as the read-only web, the second is the participative social web and the third version of the internet is the “read, write, execute web.” These three generations have been spread out over the past three decades or so since the internet was invented.
Just as there has been three generations of the web, blockchain technology has also evolved through three different eras, albeit over a much shorter timeline. But while the third iteration of the internet, Web 3.0, is still in its infancy, the three generations of blockchain have distinct and…
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